{"id":46408,"date":"2026-05-05T15:38:36","date_gmt":"2026-05-05T15:38:36","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46408\/"},"modified":"2026-05-05T15:38:36","modified_gmt":"2026-05-05T15:38:36","slug":"%e7%b1%b3%e3%83%ac%e3%83%83%e3%83%89%e3%83%96%e3%83%83%e3%82%af%e6%8c%87%e6%95%b0%e3%80%81%e5%89%8d%e5%b9%b4%e6%af%947-8%ef%bc%85%e3%81%ab%e4%b8%8a%e6%98%87%e3%80%80%e5%89%8d%e5%9b%9e%e3%81%ae7-7","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/46408\/","title":{"rendered":"\u7c73\u30ec\u30c3\u30c9\u30d6\u30c3\u30af\u6307\u6570\u3001\u524d\u5e74\u6bd47.8\uff05\u306b\u4e0a\u6607\u3000\u524d\u56de\u306e7.7\uff05\u304b\u3089\u5c0f\u5e45\u4e0a\u6607"},"content":{"rendered":"<p>\u7c73\u56fd\u30ec\u30c3\u30c9\u30d6\u30c3\u30af\u6307\u6570\uff08\u524d\u5e74\u6bd4\uff09\u306f5\u6708\u306b7.8%\u3078\u4e0a\u6607\u3057\u305f\u3002\u524d\u56de\u306f7.7%\u3060\u3063\u305f\u3002<\/p>\n<p>\u30ec\u30c3\u30c9\u30d6\u30c3\u30af\u6307\u6570\u304c7.8%\u307e\u3067\u5f37\u542b\u3093\u3060\u3053\u3068\u306f\u3001\u6d88\u8cbb\u8005\u306e\u8cfc\u8cb7\u610f\u6b32\uff08\u6d88\u8cbb\u306e\u5f37\u3055\uff09\u304c\u60f3\u5b9a\u4ee5\u4e0a\u306b\u5e95\u5805\u3044\u3053\u3068\u3092\u793a\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u77ed\u671f\u7684\u306a\u7c73\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\uff09\u306e\u5229\u4e0b\u3052\uff08\u653f\u7b56\u91d1\u5229\u306e\u5f15\u304d\u4e0b\u3052\uff09\u89b3\u6e2c\u306f\u5f8c\u9000\u3057\u3084\u3059\u3044\u3002\u652f\u51fa\u304c\u5f37\u3044\u72b6\u614b\u304c\u7d9a\u3051\u3070\u3001\u7269\u4fa1\u4e0a\u6607\uff08\u30a4\u30f3\u30d5\u30ec\uff09\u304c\u300c\u601d\u3063\u305f\u3088\u308a\u4e0b\u304c\u308a\u306b\u304f\u3044\u300d\u5c55\u958b\u306b\u306a\u308a\u5f97\u308b\u3002\u3053\u308c\u306f2025\u5e74\u7b2c3\u56db\u534a\u671f\u306b\u898b\u3089\u308c\u305f\u3088\u3046\u306a\u3001\u30a4\u30f3\u30d5\u30ec\u304c\u7c98\u7740\u7684\uff08\u4e0b\u304c\u308a\u3065\u3089\u3044\uff09\u306b\u306a\u308b\u30d1\u30bf\u30fc\u30f3\u306b\u8fd1\u3044\u3002\u7d50\u679c\u3068\u3057\u3066\u3001\u65e9\u671f\u306e\u91d1\u878d\u7de9\u548c\uff08\u5229\u4e0b\u3052\u306a\u3069\uff09\u3092\u898b\u8fbc\u3080\u30dd\u30b8\u30b7\u30e7\u30f3\uff08\u6295\u8cc7\u306e\u6301\u3061\u9ad8\uff09\u3092\u898b\u76f4\u3059\u5fc5\u8981\u304c\u51fa\u3066\u304f\u308b\u3002<\/p>\n<h3>Implications For Fed Policy<\/h3>\n<p>\u3053\u306e\u30c7\u30fc\u30bf\u3092\u8e0f\u307e\u3048\u308b\u3068\u3001\u590f\u306e\u5229\u4e0b\u3052\u78ba\u7387\u306f\u5927\u304d\u304f\u4f4e\u4e0b\u3057\u305f\u3068\u307f\u3089\u308c\u308b\u3002\u6570\u9031\u9593\u524d\u307e\u3067\u306e\u5e02\u5834\u306e\u898b\u65b9\uff08\u5e02\u5834\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\uff09\u304b\u3089\u306e\u5909\u5316\u3060\u3002\u5e02\u5834\u53c2\u52a0\u8005\u306f\u91d1\u5229\u898b\u901a\u3057\u306b\u9023\u52d5\u3059\u308b\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\uff08\u91d1\u878d\u6d3e\u751f\u5546\u54c1\uff09\u3001\u4f8b\u3048\u3070SOFR\u5148\u7269\uff08\u62c5\u4fdd\u4ed8\u304d\u7fcc\u65e5\u7269\u8abf\u9054\u91d1\u5229\uff1dSOFR\u306b\u9023\u52d5\u3059\u308b\u5148\u7269\uff09\u3092\u6ce8\u8996\u3057\u305f\u3044\u3002\u5229\u4e0b\u3052\u6642\u671f\u304c2026\u5e74\u5f8c\u534a\u3001\u5834\u5408\u306b\u3088\u3063\u3066\u306f2027\u5e74\u3078\u5148\u9001\u308a\u3055\u308c\u308b\u3068\u306e\u898b\u65b9\u304c\u5f37\u307e\u308c\u3070\u3001\u5148\u7269\u4fa1\u683c\u306f\u4e0b\u843d\u3057\u3084\u3059\u3044\u3002CME\u306eFedWatch\u30c4\u30fc\u30eb\uff08\u5148\u7269\u4fa1\u683c\u304b\u3089\u5229\u4e0a\u3052\u30fb\u5229\u4e0b\u3052\u78ba\u7387\u3092\u63a8\u8a08\u3059\u308b\u6307\u6a19\uff09\u3067\u3082\u30017\u6708\u5229\u4e0b\u3052\u78ba\u7387\u304c\u3053\u306e1\u9031\u9593\u306760%\u304b\u308945%\u672a\u6e80\u3078\u4f4e\u4e0b\u3057\u305f\u3002<\/p>\n<p>\u6d88\u8cbb\u6d3b\u52d5\u306e\u5e95\u5805\u3055\u306f\u5148\u884c\u304d\u4e0d\u900f\u660e\u611f\u3092\u9ad8\u3081\u3001\u5e02\u5834\u306e\u5909\u52d5\u7387\uff08\u5024\u52d5\u304d\u306e\u5927\u304d\u3055\uff09\u306e\u4e0a\u6607\u306b\u3064\u306a\u304c\u308a\u5f97\u308b\u3002VIX\uff08S&#038;P500\u306e\u4e88\u60f3\u5909\u52d5\u7387\u3092\u793a\u3059\u6307\u6570\uff09\u306f16\u8fd1\u8fba\u306e\u4f4e\u6c34\u6e96\u3067\u63a8\u79fb\u3057\u3066\u304d\u305f\u304c\u3001\u4e0a\u6607\u5727\u529b\u304c\u304b\u304b\u308c\u3070\u30aa\u30d7\u30b7\u30e7\u30f3\u306e\u30d7\u30ec\u30df\u30a2\u30e0\uff08\u4fdd\u967a\u6599\u306b\u76f8\u5f53\u3059\u308b\u4fa1\u683c\uff09\u304c\u4e0a\u304c\u308a\u3084\u3059\u3044\u3002\u30d8\u30c3\u30b8\uff08\u4e0b\u843d\u306b\u5099\u3048\u308b\u4fdd\u967a\uff09\u3068\u3057\u3066\u3001SPDR S&#038;P500 ETF\uff08SPY\uff09\u306e\u30d7\u30c3\u30c8\u8cfc\u5165\uff08\u4e0b\u843d\u306b\u5099\u3048\u308b\u6a29\u5229\uff09\u3084\u3001VIX\u306e\u30b3\u30fc\u30eb\u8cfc\u5165\uff08\u4e0a\u6607\u306b\u5099\u3048\u308b\u6a29\u5229\uff09\u304c\u76f8\u5bfe\u7684\u306b\u9b45\u529b\u3092\u5897\u3059\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u80cc\u666f\u306f\u300c\u9ad8\u91d1\u5229\u304c\u9577\u671f\u5316\uff08higher for longer\uff09\u300d\u3059\u308b\u3068\u306e\u8b66\u6212\u306b\u3088\u308b\u8abf\u6574\u30ea\u30b9\u30af\u3060\u3002<\/p>\n<p>\u5c0f\u58f2\u306e\u5f37\u3055\u306f\u901a\u5e38\u3001\u4e00\u822c\u6d88\u8cbb\u95a2\u9023\u682a\uff08\u6d88\u8cbb\u88c1\u91cf\u30bb\u30af\u30bf\u30fc\uff09\u306b\u8ffd\u3044\u98a8\u3068\u306a\u308b\u3002\u305f\u3060\u3057\u91d1\u5229\u304c\u9ad8\u6b62\u307e\u308a\u3059\u308c\u3070\u3001\u5e02\u5834\u5168\u4f53\u306b\u9006\u98a8\u306b\u306a\u308a\u3084\u3059\u3044\u30022025\u5e74\u306b\u3082\u3001\u7279\u306b\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u3084\u6210\u9577\u682a\u3067\u3001\u91d1\u5229\u306b\u5bfe\u3059\u308b\u611f\u5fdc\u5ea6\uff08\u5229\u56de\u308a\u4e0a\u6607\u3067\u682a\u4fa1\u304c\u4e0b\u304c\u308a\u3084\u3059\u3044\u6027\u8cea\uff09\u304c\u3001\u4f01\u696d\u696d\u7e3e\u306a\u3069\u306e\u5f37\u3055\u3092\u4e0a\u56de\u3063\u3066\u682a\u4fa1\u3092\u62bc\u3057\u4e0b\u3052\u305f\u5c40\u9762\u304c\u3042\u3063\u305f\u3002\u30aa\u30f3\u30e9\u30a4\u30f3\u691c\u7d22\u30c7\u30fc\u30bf\u3067\u306f\u300c\u30ea\u30bb\u30c3\u30b7\u30e7\u30f3\u30ea\u30b9\u30af\uff08\u666f\u6c17\u5f8c\u9000\u306e\u30ea\u30b9\u30af\uff09\u300d\u306e\u691c\u7d22\u304c\u3053\u306e1\u30ab\u6708\u306715%\u5897\u3048\u3066\u304a\u308a\u3001FRB\u304c\u9700\u8981\u3092\u51b7\u307e\u3059\u305f\u3081\u306b\u8ffd\u52a0\u306e\u5f15\u304d\u7de0\u3081\uff08\u5229\u4e0a\u3052\u3084\u9ad8\u91d1\u5229\u7dad\u6301\uff09\u3092\u8feb\u3089\u308c\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3001\u3068\u3044\u3046\u5e02\u5834\u306e\u8b66\u6212\u304c\u5f37\u307e\u3063\u3066\u3044\u308b\u72b6\u6cc1\u3092\u793a\u5506\u3059\u308b\u3002<\/p>\n<h3>Market Positioning Considerations<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>\u5c0f\u58f2\u6307\u6a19\u30ec\u30c3\u30c9\u30d6\u30c3\u30af\u524d\u5e74\u6bd4\u304c5\u67087.8%\u3078\u4e0a\u632f\u308c\u3001\u6d88\u8cbb\u306f\u5e95\u5805\u3044\u3002FRB\u5229\u4e0b\u3052\u89b3\u6e2c\u304c\u5f8c\u9000\u3057\u300c\u9ad8\u91d1\u5229\u9577\u671f\u5316\u300d\u8b66\u6212\u3002SOFR\u5148\u7269\u4e0b\u843d\u3001VIX\u4e0a\u6607\u3084\u30d8\u30c3\u30b8\u9700\u8981\u5897\u306e\u53ef\u80fd\u6027\u3002\u5229\u4e0b\u3052\u306f\u5148\u9001\u308a\u3002<\/p>\n","protected":false},"author":116,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-46408","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/46408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/users\/116"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/comments?post=46408"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/46408\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/media?parent=46408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/categories?post=46408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/tags?post=46408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}